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Rama Steel Tubes (RAMASTEEL)₹4.09−1.68%Iron & Steel Products
In the Jun 2026 quarter (consolidated), Rama Steel Tubes reported sales of ₹224 Cr, down 16.6% from Jun 2025, and net profit of ₹5.46 Cr, up 9.9% year on year. For the year to Mar 2026, sales were ₹1,128 Cr and net profit ₹11.04 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 204 | 264 | 269 | 217 | 264 | 276 | 294 | 269 | 322 | 291 | 247 | 224 |
| Expenses | 192 | 246 | 255 | 206 | 263 | 271 | 282 | 267 | 316 | 284 | 242 | 218 |
| Operating Profit | 12.12 | 17.18 | 13.43 | 11.38 | 0.57 | 4.96 | 12.04 | 1.56 | 4.89 | 6.22 | 4.27 | 6.07 |
| OPM % | 6.0% | 6.6% | 5.0% | 5.3% | 0.2% | 1.8% | 4.1% | 0.6% | 1.5% | 2.2% | 1.7% | 2.7% |
| Other Income | 1.12 | 1.77 | 0.50 | 0.95 | 9.39 | 5.42 | 1.58 | 10.06 | 2.09 | 2.33 | 4.21 | 1.03 |
| Interest | 3.95 | 7.28 | 2.85 | 3.24 | 2.67 | 2.88 | 2.92 | 2.99 | 3.24 | 2.88 | 3.40 | 1.71 |
| Depreciation | 1.32 | 1.44 | 1.44 | 1.72 | 1.39 | 1.36 | 1.36 | 1.46 | 1.39 | 1.49 | 1.47 | 1.62 |
| Profit before tax | 8.03 | 10.32 | 9.71 | 7.43 | 5.94 | 6.18 | 9.40 | 7.21 | 2.39 | 4.25 | 3.66 | 3.81 |
| Tax % | 17.9% | 13.3% | 21.1% | 16.3% | 27.0% | 9.9% | 28.7% | 31.1% | 58.0% | 57.9% | −3.9% | −43.2% |
| Net Profit | 6.60 | 8.95 | 7.67 | 6.22 | 4.33 | 5.57 | 6.69 | 4.97 | 1.01 | 1.79 | 3.80 | 5.46 |
| EPS (Rs) | 0.05 | 0.07 | 0.06 | 0.05 | 0.04 | 0.05 | 0.05 | 0.04 | 0.02 | 0.02 | 0.04 | 0.04 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 243 | 261 | 378 | 506 | 354 | 472 | 771 | 1,343 | 1,051 | 1,052 | 1,128 | 1,084 |
| Expenses | 227 | 241 | 355 | 489 | 345 | 453 | 727 | 1,288 | 990 | 1,021 | 1,109 | 1,060 |
| Operating Profit | 14.97 | 19.95 | 21.93 | 15.97 | 8.97 | 17.95 | 41.89 | 50.89 | 58.87 | 28.94 | 16.95 | 21.45 |
| OPM % | 6.0% | 8.0% | 6.0% | 3.3% | 2.5% | 3.9% | 5.0% | 3.9% | 6.0% | 2.8% | 1.5% | 2.0% |
| Other Income | 2.99 | 3.99 | 4.99 | 4.99 | 5.99 | 7.99 | 8.99 | 7.99 | 4.99 | 16.99 | 18.98 | 9.66 |
| Interest | 6.01 | 8.01 | 6.01 | 9.01 | 10.01 | 8.01 | 11.02 | 20.04 | 21.03 | 12.01 | 12.02 | 11.23 |
| Depreciation | 2.99 | 2.99 | 1.99 | 2.99 | 2.99 | 2.99 | 4.01 | 4.99 | 5.99 | 5.99 | 6.01 | 5.97 |
| Profit before tax | 9.02 | 13.05 | 18.05 | 9.03 | 2.01 | 15.06 | 36.14 | 35.12 | 38.10 | 29.09 | 17.06 | 14.11 |
| Tax % | 30.0% | 28.0% | 31.0% | 11.0% | 80.0% | 16.0% | 24.0% | 21.9% | 20.0% | 20.9% | 36.9% | — |
| Exceptional items | 0.02 | 0.00 | 0.00 | −0.01 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 6.59 | 0.00 | — |
| Net Profit | 6.02 | 9.03 | 13.05 | 8.03 | 0.00 | 12.03 | 27.11 | 27.08 | 30.08 | 23.08 | 11.04 | 12.06 |
| EPS (Rs) | 0.06 | 0.09 | 0.11 | 0.08 | 0.00 | 0.11 | 0.23 | 0.20 | 0.20 | 0.16 | 0.09 | 0.12 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 3.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.01 | 6.99 | 7.98 | 7.99 | 7.98 | 7.99 | 7.99 | 7.99 | 46.92 | 154 | 155 | 164 |
| Reserves | 18.02 | 18.01 | 44.01 | 69.96 | 79.05 | 79.07 | 92.02 | 118 | 204 | 181 | 210 | 315 |
| Borrowings | 56.08 | 57.96 | 56.95 | 62.96 | 89.97 | 83.04 | 85.03 | 138 | 193 | 145 | 89.22 | 130 |
| Other Liabilities | 20.90 | 22.89 | 25.87 | 10.94 | 23.88 | 66.68 | 61.71 | 93.55 | 251 | 253 | 304 | 282 |
| Total Liabilities | 96.01 | 107 | 135 | 153 | 200 | 238 | 248 | 358 | 694 | 733 | 757 | 889 |
| Fixed Assets | 11.99 | 16.97 | 25.96 | 41.94 | 40.98 | 40.97 | 50.91 | 56.97 | 106 | 110 | 103 | 109 |
| CWIP | 6.01 | 0.99 | 0.99 | 0.00 | 1.01 | 6.99 | 4.01 | 5.99 | 0.99 | 1.01 | 10.01 | 3.99 |
| Investments | 13.05 | 12.04 | 2.01 | 2.01 | 5.02 | 7.03 | 8.03 | 8.03 | 13.06 | 6.02 | 5.02 | 11.05 |
| Other Assets | 64.96 | 76.85 | 106 | 109 | 154 | 183 | 184 | 288 | 573 | 616 | 640 | 766 |
| Inventories | 25.91 | 31.89 | 50.82 | 33.89 | 50.79 | 53.77 | 72.69 | 101 | 196 | 131 | 127 | 130 |
| Trade receivables | 10.96 | 23.89 | 32.88 | 37.86 | 63.78 | 71.72 | 51.77 | 106 | 232 | 216 | 242 | 301 |
| Cash & equivalents | 6.99 | 5.99 | 7.99 | 9.99 | 6.99 | 12.98 | 21.97 | 18.98 | 12.98 | 16.99 | 5.99 | 4.99 |
| Total Assets | 96.01 | 107 | 135 | 153 | 200 | 238 | 248 | 358 | 694 | 733 | 757 | 889 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 2.99 | 4.99 | −6.99 | 4.99 | −16.98 | 29.99 | 24.96 | −34.96 | −95.89 | 17.99 | 50.93 | −109 |
| Cash from investing activity | −6.98 | −1.99 | −0.99 | −8.97 | −2.99 | −6.97 | −9.97 | −8.97 | −52.77 | −0.99 | 2.99 | −8.97 |
| Cash from financing activity | 8.97 | −4.99 | 9.97 | 5.98 | 16.95 | −16.96 | −5.99 | 40.90 | 143 | −12.96 | −65.80 | 118 |
| Net cash flow | 4.99 | −0.99 | 0.99 | 1.99 | −2.99 | 5.98 | 8.97 | −2.99 | −5.99 | 4.99 | −11.98 | 0.00 |
| Capex | 6.73 | 2.57 | 12.90 | 10.57 | 3.19 | 6.62 | 11.23 | 13.37 | 60.08 | 13.51 | 13.91 | 7.59 |
| Free cash flow | −1.99 | 2.99 | −19.99 | −5.99 | −20.01 | 22.99 | 13.99 | −45.97 | −146 | 8.99 | 50.99 | −113 |
| CFO / OP % | 65.0% | 41.0% | −19.0% | 41.0% | −75.0% | 351.0% | 139.0% | −75.0% | −172.0% | 53.0% | 196.0% | −622.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 21 | 36 | 46 | 37 | 47 | 75 | 41 | 50 | 64 | 76 | 85 | 98 |
| Inventory days | 56 | 55 | 85 | 38 | 41 | 62 | 63 | 54 | 59 | 52 | 48 | 46 |
| Days payable | 4 | 25 | 24 | 4 | 14 | 66 | 42 | 36 | 62 | 87 | 105 | 89 |
| Cash conversion cycle | 71 | 64 | 105 | 69 | 72 | 69 | 60 | 67 | 58 | 38 | 26 | 53 |
| Working capital days | −4 | 9 | 38 | 39 | 35 | 32 | 25 | 25 | 34 | 77 | 84 | 90 |
| ROCE % | — | 18.9% | 22.0% | 20.0% | 12.0% | 7.0% | 13.0% | 20.9% | 15.0% | 12.0% | 7.0% | 6.0% |
For the Jun 2026 quarter, Rama Steel Tubes reported sales of ₹224 Cr, down 16.6% year on year and net profit of ₹5.46 Cr, up 9.9% year on year. The operating margin was 2.7%.
Rama Steel Tubes' sales for the year to Mar 2026 were ₹1,128 Cr; over the last twelve months they were ₹1,084 Cr.
Net profit for the year to Mar 2026 was ₹11.04 Cr, and ₹12.06 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.12.
Rama Steel Tubes reported borrowings of ₹130 Cr at Mar 2026, against cash and equivalents of ₹4.99 Cr.
Cash from operations was −₹109 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹113 Cr.